Manufacturing and trade inventories and sales

Economic Indicators – Manufacturing and Trade inventories and Sales
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Manufacturing and Trade Inventories and Sales
Economic indicators are a collection of different data and reports that provide fundamental clues about how a given economy is doing (Yamarone, 14). One of the top 10 economic indicators is Manufacturing and Trade Inventories and Sales. This is the data representing the combined value of shipments and trade sales by manufacturers in a given month, as well as the collective values of inventories in the retail and wholesale business sectors, and manufacturing (Baumohl, 32). The present and most recent past month’s inventory/sales ratios are also provided. Usually, data is provided across 17,000 retail, wholesale and manufacturing firms within 160 industries. Manufacturing and Trade Inventories and Sales is important since it is the chief source of information on the status of business sales and business inventories. Most often, inventory rates provide hints about the contraction or growth of the economy (Yamarone, 21). Typically, a growth in business inventories may possibly mean that sales are slow, and the growth rate of ...